I Believe I Can Fl... er the Reversal is Here

There had been a large drop previously charted and though I am a little early compared to my Fib timing chart... I am now convinced the reversal is here and will be taking a long position sometime at the close of the daily candle or during the following day's candle. It shouldn't pass through the Pivot line level and will probably use that as a jump off point.

تعليق:

...and maybe 'Reversal' is a strong word. There is probably gonna be some profit to take on the LONG, but if you zoom out to the Weekly chart you will see that the 0.618 Fib Retracement is sitting at around 0.9575 which could be the final destination for this down trend.

تعليق:

So good think I wanted to wait for another daily candle. Weakness in the USD caused the price to drop. Still looking to see how low we go and if there is a possible LONG still out there.

تم فتح الصفقة:

LONG Entry @ 102.15
TP1 50% 104.05
TP2 50% 104.88
SL 101.90

أغلقت الصفقة: تم الوصول لوقف الخسارة